Bullish momentum, but needs a cooldown

NEAR may still have some juice in the tank vs BTC, but we're entering buyer exhaustion on the daily chart. Too much risk to enter long here with the way I trade. I'm anticipating a bullish cooldown, perhaps back to the 50 EMA, in the next couple weeks and will look for a potential entry.

-------------------------------------------------
These are my personal views and not financial advice. Please do your own research before investing.

I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly.
If you appreciated this analysis, consider Liking or Following. Thanks!

Kommentera:

The price action followed our projection, just at a faster clip than expected. Now wer'e hitting resistance. I'm not sure NEAR has the juice to breakout here. No harm in taking some profit.